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VAT Information

Making Tax Digital

What is MTD and why should I care?

The UK tax office, HMRC, introduced Phase 1 if their ‘Making Tax Digital’ (MTD) initiative in April 2019. The much more demanding Phase II implementation was supposed to come into effect in April 2020, but this was delayed owing to the noise surrounding Brexit and the Covid-19 pandemic. However, it was only delayed by a [...]
Global VAT

Global VAT: The most dominant and complex of taxes

VAT is everywhere but it’s a complexity of small differences. This article gives simple solutions to the complex, expensive and confusing problem of global VAT,  In theory, VAT is simple. The principles are easy enough to understand. There is broad agreement on how to regulate and collect VAT. If you know how VAT works in […]

pricing and VAT

How VAT can impact your profitability

Deciding on your pricing is difficult enough in regular business scenarios – making sure your product or service is correctly priced can be the difference between profit and loss. This issue is intensified when you are selling online to customers in various jurisdictions and have VAT or similar indirect tax obligations to consider: not only [...]
New VAT rules for Online Marketplaces: Why sellers should still register for UK VAT

New VAT rules for Online Marketplaces: Why sellers should still register for UK VAT

The UK has introduced new regulations making Online Marketplaces (OMP) liable for VAT payments and reporting in certain situations. According to the new rules, which take effect from 1 January 2021, OMPs will be liable for VAT payments on the sale of the following goods sold through the OMP: Goods delivered from inventory stored outside [...]
More countries expected to impose digital services VAT

More countries expected to impose digital services VAT: Report

More states are working to enhance VAT collection on e-commerce and digital services. That’s according to the OECD’s Consumption Tax Trends 2020 report. The report  notes that several countries - both inside and outside the OECD - are adopting the organisation’s guidelines on digital VAT. Businesses should therefore anticipate changes to digital VAT regulations, and [...]
Canada digital services tax

Canada to tax digital services provided by foreign companies

Canada is to tax cross-border digital services, effective from July 2021. Consequently, non-resident businesses providing digital services to customers in Canada will have to start charging sales tax. Many digital vendors will now have to register  for GST/HST in Canada.  Up to now, only digital services businesses with local operations have had to charge customers [...]
Increase Import VAT savings

How Importers and Exporters can increase Import VAT Savings

For many companies, finding ways to increase import VAT savings can feel overwhelming and difficult to implement. You wouldn’t be incorrect in thinking. It is complex to unlock Import VAT savings while ensuring 100% VAT compliance.  In short, optimising operations is about more than meeting minimal VAT compliance obligations. Ultimately, it’s about leveraging VAT regulations [...]
MTD for VAT — A New Compliance Rule for UK Businesses

Vatglobal’s automated VAT solution for e-commerce sellers

If your business sells goods to private individuals around the world (e-commerce sellers), whether it be via your own web shop or a platform, it is highly likely you will have multiple VAT compliance obligations. Vatglobal offers a technology-enabled managed compliance solution to help businesses deal with the innumerable challenges that are created when navigating [...]
eCommerce sellers European VAT

What it means to be VAT registered as an e-commerce seller

Selling your goods to private individuals, e-commerce sellers, in multiple countries – especially in the European Union – creates VAT compliance obligations in multiple countries. It is illegal to trade in a country where you should be VAT registered but don’t have a VAT number. Tax authorities in the EU and across the world are [...]
Impact of Brexit on UK VAT

How Brexit is going to impact you as an e-commerce seller

The VAT implications of the UK leaving the EU are significant, especially since no deal has yet been agreed. Whilst from a VAT perspective, there is very little clarity from the tax offices, there is clear guidance for businesses based on the assumption that the UK will be treated the same as other non-EU countries [...]

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